ECO101: Macroeconomics
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About
This course is concerned with the behavior of the economy as a whole. Macroeconomics addresses the determination of the economy’s total output of goods and services (GDP), the growth of output, the determinants of the price level and the rate of inflation, the factors that determine employment ( and unemployment), the balance of payments, and exchange rates. Major topics discussed are the national economic issues and measure of performance, aggregate expenditure decisions, unemployment and inflation and the global environment.
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MIRIAM COLLEGE
College of Business, Entrepreneurship and Accountancy
Business Administration Department
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COURSE OUTLINE
1st Semester, SY 2009-2010
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Instructor: Noel R. Buensuceso
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Course Code: Eco 101
Course Title: Macroeconomics
Course Description:
This course is concerned with the behavior of the economy as a whole. Macroeconomics addresses the determination of the economy’s total output of goods and services (GDP), the growth of output, the determinants of the price level and the rate of inflation, the factors that determine employment ( and unemployment), the balance of payments, and exchange rates. Major topics discussed are the national economic issues and measure of performance, aggregate expenditure decisions, unemployment and inflation and the global environment.
Credit: 3 Units
Prerequisite: Eco -100
References:
Case, Karl E. and Fair, Ray C., Principles of Economics. Prentice Hall International.
Course Objectives:
At the end of the course, the students are expected to:
Develop critical thinking skills and reasoning ability through class discussions, case studies, film showing, recitations and other class activities.
Recognize the necessity of conserving our natural resources.
Develop a sense of social responsibility.
Express their insights and thoughts freely and creatively on national economic policies and issues.
Construct economic graphs to analyze data.
Use case studies from which economic principles can be derived.
Course Content:
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Week
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Topic
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Strategy/Methodology
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Values
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1
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The Scope and Method of Economics
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Lecture / Discussion
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Promotion of General Welfare
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2
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The Economic Problem: Scarcity and Choice
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Discussion / Case Studies
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Improve Quality of Life for all
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3
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Demand, Supply, and Market Equilibrium
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Problem-Solving / Board Work/ Case Studies
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Improve Quality of Life for all
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4
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The Price System, Demand and Supply, and Elasticity
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Discussion / Case Studies
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Conservation of Natural Resources
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5
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Measuring National Output and National Income
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Discussion/ Case Studies
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Conservation of Natural Resources
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6
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Long –Run and Short Run Concerns: Growth, Productivity, Unemployment and Inflation
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Discussion/ Case Studies
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Recognition of the Private Sector
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7
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Aggregate Expenditure and Equilibrium Output
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Discussion/ Case Studies
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Recognition of the Private Sector
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8
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Preliminary Examination
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Examination
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Discipline
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9
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Fiscal Policy
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Discussion / Case Studies
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Concern for Others
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10
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Money Supply
Monetary Policy
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Discussion / Case Studies
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Concern for Others
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11
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Aggregate Demand, Aggregate Supply, and Inflation
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Discussion / Case Studies
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Promotion of General Welfare and Pro-Filipino Family
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12
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The Labor Market
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Discussion / Case Studies
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Promotion of General Welfare
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13
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The Stock Market
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Discussion / Case Studies
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Promotion of General Welfare
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14
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International Trade, Comparative Advantage, Protectionism
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Discussion / Case Studies
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Concern for Others
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15
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Globalization
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Discussion / Case Studies
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Promotion of General Welfare
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16
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Wrap up
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Discussion
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Discipline
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17
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Final Examination
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Written Test
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Discipline
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EXPECTATIONS FROM STUDENT:
The student’s responsibility is to come to each class prepared. She is also expected to take all examinations on the date scheduled. She should read the assigned problems prior to class. She is expected to attend each class and participate actively in the discussions.
ACADEMIC DISHONESTY
All students are expected to be academically honest. Cheating, lying and other forms of unethical behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will receive an F or failure either in the course requirement or in the course. Plagiarism refers to the use of books, notes or other intellectual property without giving proper attribution to its author, or representing the work of another person as one’s own; Cheating refers to securing help in a test; copying tests, assignments, reports or term papers; collaborating with other students during an examination or in preparing academic work; signing another student’s name on an attendance sheet; or otherwise practicing scholastic dishonesty.
COURSE REQUIREMENTS AND WEIGHTS:
Assignments 10%
Active Class Participation 15%
Quizzes(Average score) 15%
Preliminary Exam 25%
Final Exam 35%
GRADING SYSTEM:
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Score
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Grade
Equivalent
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Score
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Grade
Equivalent
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97-100
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5
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77-80
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2.5
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93-96
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4.5
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73-76
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2
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89-92
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4
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69-72
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1.5
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85-88
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3.5
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65-68
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1
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81-84
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3
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Below 65
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F
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Consultation Hours: 10:30am-12nn WF, Student –Faculty Consultation Room